RogersAstute investor, Jim Rogers has warned overnight in an interview with Tara Joseph of Reuters that “oil and gold will go much, much higher” due to “market panic” regarding Syria and the coming end of free moneyWhen this artificial sea of liquidity ends we’re gonna see panic in a lot of markets, including in the US, including in West developed markets.  Have we seen panic, have we seen terror? Absolutely not. Not in any markets yet.  We haven’t seen much of anything yet.

Silver has continued its rally Wednesday, spiking over .50 through $25 during overnight Asian trading, and after an LBMA smackdown, is again spiking vertically and knocking on the door of $25 once again.
*Update: Waterfall decline back towards $24 in progress as the cartel raid Eric Dubin predicted yesterday has materialized

While most of the country is obsessing over Miley Cyrus, the Obama administration is preparing a military attack against Syria which has the potential of starting World War 3.  In fact, it is being reported that cruise missile strikes could begin “as early as Thursday“.  The Obama administration is pledging that the strikes will be “limited”, but what happens when the Syrians fight back?  What happens if they sink a U.S. naval vessel or they have agents start hitting targets inside the United States?  Then we would have a full-blown war on our hands.  And what happens if the Syrians decide to retaliate by hitting Israel?  If Syrian missiles start raining down on Tel Aviv, Israel will be extremely tempted to absolutely flatten Damascus, and they are more than capable of doing precisely that.  And of course Hezbollah and Iran are not likely to just sit idly by as their close ally Syria is battered into oblivion.  We are looking at a scenario where the entire Middle East could be set aflame, and that might only be just the beginning.  Russia and China are sternly warning the U.S. government not to get involved in Syria, and by starting a war with Syria we will do an extraordinary amount of damage to our relationships with those two global superpowers.  Could this be the beginning of a chain of events that could eventually lead to a massive global conflict with Russia and China on one side and the United States on the other? 
The following are 22 reasons why starting World War 3 in the Middle East is a really bad idea…

Stewart ThomsonCore gold positions should never be sold, regardless of your price targets or fundamental scenarios.
Gold is arguably the ultimate asset, so it probably can be viewed as wealth, rather than a tool to get wealth. Key core positions that are accumulated on severe price weakness should be held with an iron hand.
In contrast, trading positions could be “offloaded” at $1411, $1440, $1471, $1523, and $1577.
I have no idea if gold and silver have made an “ultimate bottom” or not, and I really don’t think any wealth is built by getting overly-obsessed with that question.
If gold has bottomed, that’s great news. If it hasn’t, investors can use profits booked now to buy lower prices, with some degree of comfort, rather than selling in terror.

The Syrian front has just escalated from critical to red alert.

At least 50 people have been killed in two strong explosions that ripped through the Syrian capital, Damascus, in the deadliest attack on the capital since the country’s uprising began 14 months ago. The explosions heavily damaged a military intelligence building. The blasts happened at about 7:50 am, when employees are usually arriving at work.

Images from this morning’s bombing are below:

Is Fukushima the greatest environmental disaster of all time?  Every single day, 300 tons of radioactive water from Fukushima enters the Pacific Ocean.  The radioactive material that is being released will outlive all of us by a very wide margin, and it is constantly building up in the food chain.  Nobody knows for sure how many people will eventually develop cancer and other health problems as a result of the Fukushima nuclear disaster, but some experts are not afraid to use the word “billions”.  It has been well over two years since the original disaster, and now they are telling us that it could take up to 40 more years to clean it up.  It is a nightmare of unimaginable proportions, and there is nowhere in the northern hemisphere that you will be able to hide from it.
The following are 11 facts about the ongoing Fukushima nuclear holocaust that are almost too horrifying to believe…

Don Coxe, Chairman of Coxe Advisors LLP, has issued a powerful new weekly review of the global capital markets, entitled, This Time
When the BRICs Tumble The Euro is the Haven.”

In this updated conference call, Don spoke to the returning strength of commodities, the true impetus behind J.P. Morgan exiting the metals warehousing business, and what investors should be doing right now in considering commodities.

cartel raid*Intraday Alert for Cartel Smack-down*

This morning, the entire precious metals complex was racing to the upside.  It’s now just past 1pm Eastern Standard Time.  Gold and silver continue to hold their own, but the entire rally in the mining shares has evaporated.   This speaks to only a few possible dynamics. 
After watching cartel patterns for over a decade now, I can say without any doubt that the mining shares are often used as a signal for a raid on paper bullion trading over on the COMEX or in London within the following 24 hour period.
Are the signalling an imminent raid in gold and silver?

Meixico Oil Production Chart July 2013The largest silver producing country in the world saw its oil production decline to the lowest level since 1995.  Mexico who produced 162 million ounces of silver in 2012 is slated to increase this substantially by the end of the decade… that is, if they have the available energy to do so.

silver demandFamed investor Jim Rogers says, “This is the first time in recorded history all the banks are printing money at the same time. This is the first time we’ve had massive debasement, and it’s going to end very badly no matter what they say.”

Rogers, who has written books on global investing, says,  “Banks are not going to be lending. Financial markets are going to go down. Currency markets are going to be in great turmoil. It’s not going to be any fun.” And if the money printing continues, Rogers says, “You’ve got bubble in some sectors, you have inflation, and then you have interest rates going up. Currency markets are in turmoil, and it’s a mess because printing money is artificial. It’s never worked.” As the economy slows down, Rogers predicts, “They’re going to take money wherever they can. . . . They’re going to take our bank accounts and retirement accounts.” Rogers concludes by saying, “We’ve had perilous times, and it’s going to get worse. . . It’s coming, be worried, be careful.”

We have a very interesting setup occurring right now when it comes to Silver and the September Options Expiration day which is Tuesday August 27th.   There are approximately 11,035 Call options that are “Deep In The Money” from starting at $24 and below. These options will either be sold into the market to take the profits, or they can be exercised into futures contracts. This is a powerful statement in regards to the strength and patience of these buyers.
There are also 21,841 gold options at or under the strike price of $1,350!  Tomorrow could be a huge day in precious Metals ….. I’m getting my Popcorn out and am ready to watch the events unfold right in front of our eyes!

Western nations are laying a media campaign and military logistics for a potential attack against Syria.  As the drumbeat of war sounds, collective critical thinking is most vulnerable.
Images of chemical weapons victims are abhorrent.  But consider this:  Even if we are to believe the West’s claim that Bashar al-Assad’s government is behind the chemical weapons attack, there can be no denying that the insurgent al-Qaeda “rebel” forces that started a campaign of destabilization of Syria are backed by the United States, Saudi Arabia and other Western powers.  Never mind congestive dissonance.  Most Americans are completely oblivious to this fact.
In order to sift through the fog of war, it’s important to consider multiple perspectives.  Recently, the Russian newspaper Izvestia published an interview with Syrian President Bashar al-Assad.  It was translated into multiple languages.  Given that use of chemical weapons is the purported “Casus belli” for Western intervention, it’s worthwhile examining al-Assad’s response to this specific accusation.
Click here for more on al-Assad’s response to allegations the Syrian gov’t used chemical weapons on its own people:

France, Russia and Turkey were among 15 central banks who added gold to their foreign exchange reserves in July, IMF data showed today.
Russia expanded their gold reserves for a 10th straight month in July. Russian holdings, the seventh-largest by country, gained another 6.3 metric tons to 1,002.8 tons.
Kazakhstan’s reserves also rose for a 10th straight month to 1.1 tons to about 132 tonnes. Azerbaijan added 2.009 tonnes to bring its holdings to 10.023 tonnes in July.
Turkey lifted its gold holdings by 22.5 tonnes, the biggest increase seen among 15 central banks. Turkey now has the world’s 11th-largest gold reserves as its holdings rose to 464 tonnes in July from 441.5 tonnes in June. The country’s central bank last year allowed commercial banks to hold a portion of their lira reserves in gold.
France bought 1,000 troy ounces of gold. The Bank of France has made a few such purchases in recent months.
Technical analysts say that gold’s break above $1,400 an ounce on Monday for the first time since June 7, in conjunction with its break above the 100 day moving average and a bullish “cup and handle” chart pattern, suggest more gains are in store for gold which may have bottomed out two months ago on June 28.

nuclear-bomb-KoreaTRUTH Journalist Greg Hunter from USAWatchdog joins the SGTReport to talk about everything from the Nasdaq ‘Glitch” to the lies of CFR-member mainstream mockingbirds to currency wars to the propaganda designed to take us into yet another war, this time in Syria – and potentially right into WW3.

The Obama administration seems absolutely determined to help radical Islamic jihadists that have beheaded Christians, that have massacred entire Christian villages, and that have pledged loyalty to al-Qaeda topple the Assad regime and take over Syria.  Yes, the Assad regime is horrible, but if these jihadist lunatics take control it will destabilize the entire region, make the prospect of a major regional war much more probable, and plunge the entire nation of Syria into a complete and utter nightmare.  It has been estimated that somewhere around 100,000 people have already been killed in the civil war in Syria, and now it looks like the U.S. military and the rest of NATO plan to become directly involved in the conflict.  The Obama administration is actually considering an attack on Syria even though the American people are overwhelmingly against it, Obama does not have Congressional approval to start a war, and he will never get approval for military action from the UN because it will be blocked by Russia.  This is setting up to become a colossal foreign policy disaster for the United States.